SHANGHAI, Apr 24 (SMM) –Copper: LME copper fell amid the weak performance across the nonferrous complex as the US signalled it could ease sanctions against Rusal. The contract struggled between several moving averages but stood above the 10-day moving average. The SHFE 1806 contract was dragged by its LME counterpart. We expect it to trade at 51,000-51,600 yuan/mt today with LME copper at $6...Read More
The price of gold has bounced but the metal “still has a lot of work to do to recoup yesterday's sharp decline,” says INTL FCStone. As of 8:44 a.m. EDT, Comex June gold was $1.70 higher to $1,325.70 an ounce, while May silver had not moved much, easing just 2.2 cents to $16.565. “The stronger dollar is keeping the upside potential somewhat in check and the fact that U.S. 10-year...Read More
Today Nickel Call – Nickel BUY Call 6a3 given at price 944.50 Almost near to 1st Target 954. CMP 953. Total profit chance of 8.5 x 2 lot =17 Points Profit6a3 : Nickel Today - Buy Nickel at cmp 944.50 for Target 954 - 960 with Small SL 938.50. RISK taker trade 2 lotsAFTER POST CONTENT Read More
Moves like in the good old days...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon a...Read More
BERLIN (Reuters) - The German government has lowered its economic growth forecast for this year to 2.3 percent from 2.4 percent previously, a source familiar with the figure told Reuters on Tuesday.Economy Minister Peter Altmaier will present growth forecasts for 2018 and 2019 during a news conference on Wednesday. They will form the basis of new tax estimates which are due in early May.Reporting...Read More
Anglo American is anticipating a reduction of about $300-400 million in earnings for 2018 due to an outage at its Minas-Rio iron ore operations in Brazil, where it does not expect to resume material production for the remainder of the year."The current expectation is that the operations will begin to ramp up in the fourth quarter of 2018," the miner said on Tuesday April 24.Output at Minas-Rio dro...Read More
Freeport-McMoRan Inc. (NYSE: FCX) reports first-quarter net income rose to $692 million, or 47 cents per share, from $228 million, or 16 cents, in the same period a year ago. After adjusting for net gains of $13 million, the adjusted profit was $679 million, or 46 cents. Freeport is the world’s largest publicly traded copper company but is also a major gold producer. First-quarter copper sal...Read More
Tin made robust gains... Last week...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soo...Read More
Nickel Today – Buy Nickel at cmp 944.50 for Target 954 – 960 with Small SL 938.50. RISK taker trade 2 lotsAFTER POST CONTENT Read More
The Canadian gold producer will now halt work on a pre-feasibility study for the underground option and focus on a closure plan for the remaining surface infrastructure in line with requirements from Chilean authorities.Read More
LONDON (Reuters) - European shares steadied on Tuesday as a batch of company updates failed to set a clear trend and chipmakers were weighed down by AMS’ warning of a downturn in orders.The pan-European STOXX 600 benchmark ended flat at the end of a choppy day, marginally weighed down after the U.S. 10-year Treasury yield rose above 3 percent for the first time since 2014.The rise in bond yi...Read More
Colorado School of Mines is among four institutions to receive the 2018 NCWIT Surging Enrollment Seed Fund. Sponsored by the National Center for Women & Information Technology (NCWIT), the Surging Enrollment Seed Fund focuses on expanding diversity among incoming computing students in the face of heightened demands on computing departments due to increasing enrollment. Mines will receive $10,...Read More
Summary of Anglo American's production results for the three months ended March 31, 2018.(First-quarter total, % change year-on-year) Copper 155,000 tonnes, +9%...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
HDG price diverging Global economic growth...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issu...Read More
Copper Live – Buy Copper at CMP 458.80 for Target 462 – 463.50 with SL below price 456. Trade 2 lotsAFTER POST CONTENT Read More
NEW YORK (Reuters) - A gauge of world stocks dipped on Tuesday, relinquishing earlier gains after U.S. bond yields crossed the three percent threshold for the first time in four years, while oil prices stretched above the $75 per barrel mark.Equities in Europe hit session lows and U.S. stocks lost ground after the U.S. 10-year Treasury yield US10YT=RR crossed the 3 percent mark to a high of 3.003...Read More
In the months immediately following the export ban, Acacia shed half its value; by the time news of the tax claim had settled in, that loss had become two-thirds of its market capitalisation from early in the year. It's been one of the most spectacular examples of how the risks implicit within the mining industry can unravel the value of investments. Another eye-catching disp...Read More
Gold was under siege on Monday along with silver. The big difference between the two patterns is gold failed to hold support and silver sold off to support. The trade being short gold and long silver remains intact, with the ratio 79-1. We look at metals in two time frames -- one being long-term investing and two the short-term trading view. Long term, as investors, we are long and like both gold...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More